BEIJING (Asian Metal) 9 Feb 23 – In view of the tight supply and active inquiries in spot market, Chinese vanadium pentoxide flake 98%min market mentality stayed positive during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB136,000-138,000/t (USD9.3-9.4/lb V2O5) EXW D/A 180 days, up by RMB4,000/t (USD0.3/lb V2O5) from late last week. Considering that most suppliers prefer to hold back from selling and the strong market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay above RMB140,000/t (USD9.6/lb V2O5) EXW D/P in the coming week.
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